KAYCEEFX1

KAYCEEFX1

First trade of the week will be a possible 1:9RRR on GBPJPY. The pair seems to be aligning back to the bearish move on the Monthly time frame after tapping into the 61.8fib area twice. Currently the pair is giving us series of LH and LL. Waiting for a pull back into the 61.8fib which also aligns with the descending trendline will give us a sell confirmation.

KAYCEEFX1

After the exhaustion move, covering up the gaps created by the fundamentals at the open of the week, GU has given a clear path to follow looking at it from the eyes of price action and Technical analysis. Retracing to the descending trendline and a pullback to 61.8fib on the lower time frame, we patiently waited for our entry formation to play out before jumping...

KAYCEEFX1

A follow up on my last analysis on GBPJPY, we see The Beast getting ready for a further bearish move. The pair has been on a higher high/higher low correction move and currently failed to create a higher high and has tanked below the last higher low thereby giving us a confirmation that the bullish correction move might be over. Also we see the break of the...

KAYCEEFX1

GBPJPY the precious pair has been on an overall bearish move on the Monthly TF. Since last week we saw price unable to break the 199 price level after a second retest, pushing The Beast down, creating Lower Highs and Lower Lows. Its also worthy of note that that area is also the second touch of the Monthly 61.8fib. Following the current Bearish move, price is...

KAYCEEFX1

US30 has been on a straight sell for the past 9days and finally is approaching a strong area of Resistance turned support and an ascending trendline on the higher TF. Seeing it has two ascending trendlines we will objectively look at it. If market respects the ascending trendline and the area of support turned resistance, we will execute a buy but if it breaks...

KAYCEEFX1

GBPJPY has been on a bullish stride and it has broken out of the 185.500 prices and also the 4hr Trendline. Respecting the ascending channel very well. A good position to buy will be the breakout of the resistance around the 185.000 area but another good position will be the retest of the 185.000 to 195.000 area. A good price action at the area if the retest...

KAYCEEFX1

Silver has been on a bullish trend bouncing off the ascending trendline, With a break in structure creating a W pattern on the ascending trendline it confirmed the bullish bias. Patiently waited for the retest of the breakout area. A good setup for a buy after all the entry confirmations are met.

KAYCEEFX1

After market got to the H4 fib level which confluences with a support level, we saw a Head and Shoulder reversal pattern confirming the retracement on the Higher time frame was over and it was time to go bullish. The break of the Head and Shoulder neckline was a greater confirmation. Entry for a buy will be at the completion of the ongoing retest which will be at...

KAYCEEFX1

One neglected and over looked skill in trading is OBJECTIVITY. GBPJPY is at a level where we have to objectively look at it because it could either break the resistance for a buy or respect the resistance for a sell. A break of Structure on the Lower TF will confirm our entries.

KAYCEEFX1 Updated 

Silver has been bullish on the Higher timeframe and has just experienced a double exhaustion which coincides with the daily low, an area of support turned resistance and also the 61.8 fib level. a break of structure of the neckline and a retest of the level will have us go bullish on the precious metal with our TP on the weekly high and our Stop Loss below the H1 low.

KAYCEEFX1

Bearing in mind that GJ is still bullish on the Higher Time frames, the bearish moves since last week is just a retracement and it's currently sitting at an area that has the daily bullish 61.8fib, the H4 low and also an area of Support Turned resistance and also the ascending trend line. The entry confirmation will be a change of Structure and then a pullback to...